Daily Pivots: (S1) 129.73; (P) 130.13; (R1) 130.51; More… USD/JPY continues to trade sideway and intraday bias remains neutral. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 Read more…
Daily Pivots: (S1) 1.2278; (P) 1.2325; (R1) 1.2365; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral. On the downside, firm break of 1.2252 minor support will turn bias to Read more…
Daily Pivots: (S1) 1.0818; (P) 1.0846; (R1) 1.0891; More… Immediate focus is back on 1.0928 resistance in EUR/USD with today’s recovery. Decisive break there will resume larger rise to 61.8% projection of 0.9630 to 1.0733 Read more…
Dollar falls broadly after ADP job data missed expectations, while traders await FOMC rate decision. There is no doubt that Fed will hike interest rate by 25bps today and signals that tightening is not finished. Read more…
US futures Dow futures -0.44% at 33393 S&P futures -0.38% at 4064 Nasdaq futures -0.15% at 12085 In Europe FTSE +0.21% at 7789 Dax +0.43% at 15192 A hawkish Fed? ADP payrolls drop sharply US Read more…
Indian tycoon Gautam Adani no longer is Asia’s richest man. Gautam Adani’s fall from the prestigious club of the planet’s billionaires is just as spectacular as his rise: In 32 days he’s lost the $44 Read more…
US ADP private employment grew 106k in January, below expectation of 168k. By sector, goods-producing jobs dropped -3k. Service-providing jobs rose 109k. BY establishment size, small companies cut -75k jobs, but medium companies added 64k Read more…
GBPJPY reversed from resistance level 161.40 Likely to fall to support level 160.00 GBPJPY currency pair recently reversed down from the resistance level 161.40 (which has been reversing the price from the end of December), Read more…
EURUSD reversed from support level 1.0800 Likely to rise to resistance level 1.09260 EURUSD currency pair recently reversed up from the support level 1.0800 (low of the previous minor correction (ii)), intersecting with the 20-day Read more…
The Indian tycoon’s conglomerate is being routed on the stock market, and where it ends is unclear. The break was short, very short. Accusations of fraud, stock-market manipulation and illegal practices made by the New Read more…